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We provide advice not influenced by shareholder or reseller profits. Our financial planning expertise spans:

Ownership structuring and asset protection

General taxation planning

Debt management

Insurance advice

Investment advisory

Superannuation advisory

Self-managed Super Fund advisory

Estate planning

Retirement and succession planning

Philanthropic advice

Each stage of your life has its own challenges – our financial planning strategies adapt to the specific needs of your family as you tackle these challenges.

It’s important to understand everyone has their own journey, but here’s an overview of pivotal life stages of which we’ll help guide you through.

Grow your career and family

In your next life stage, you’ll focus on diversifying your wealth as well as maintaining and growing your lifestyle.

Secure your legacy

As you prepare for your retirement stage, you’ll continue to maintain your lifestyle and look after your family.

Enjoy your retirement

Finally, you enter the relaxing stage of life during which you’ll continue to manage and protect your wealth for future generations.

Who we service

 

High net worth families

seeking a trusted partner to plan all their aspects of wealth and personal finances.

 

Affluent and aspiring couples

seeking an expert partner to plan and accelerate their wealth creation.

Steps to wealth creation

Step 1

Identify lifestyle and financial needs and craft strategy

Step 2

Confirm and execute your wealth growth strategy

Step 3

Build wealth and continuously review and refine strategy

The Cashel Family Office difference

When you partner with Cashel Family Office, you get a dedicated team of advisors working to ensure you’re getting the best financial planning. We work with you to ensure you’re investing with quality managers and assets that match your personal risk and tax profile.

We do not employ a set-and-forget strategy. Once we become your investment manager, we provide ongoing advice each year. Our planning takes into account financial and compliance reporting periods as well as your life events.

Our team and qualifications are exceptional.

Our advisers hold related master’s degrees in finance, Chartered Financial Planner and Chartered Accountant qualifications that provide the skills needed to handle your family’s individual needs. Our ongoing training ensures we are at the forefront of thought leadership and best practice.

Our Australian Financial Services and Australian Credit License provides us with the unrestricted ability to source and compare financial, insurance debt and investment products and opportunities from every possible source.

Our global partners

Frequently Asked Questions

  • How are financial planners paid?

    A typical financial planner may charge $1,500 to $10,000 for a plan known as a statement of advice. They may then charge additional fees for execution of the plan.

    Cashel Family Office does not charge financial planning fees. Our financial planning services are included as part of our investment management services for which we typically charge a flat ongoing 1% fee plus performance fees for when we beat the market. Under this scenario we are encouraged to protect capital and grow it through the selection of the right financial planning strategies, cheapest debt sourcing and optimize investment management. There is no additional cost to reply to an email or have a meeting.

  • What lifestyle should I expect in retirement?

    According to the Association of Superannuation Funds of Australia Limited (ASFA) the retirement lifestyle definitions are:

    Comfortable

    • One annual holiday in Australia and regularly eating out at restaurants (good range and quality food)
    • Owning a reasonable car
    • Afford bottled wine, good clothes and afford regular hair cuts at a good hairdresser
    • Take part in a regular leisure activity
    • Own a range of electronic equipment, replace kitchen and bathroom over 20 years and maintain private health insurance

    Modest

    • One or two short breaks in Australia near where you live each year and infrequently eat out at restaurants that have cheap food
    • Owning an older less reliable car
    • Afford cask wine, reasonable clothes and afford regular hair cuts only at a basic salon
    • Take part in one paid leisure activity infrequently
    • Not much scope to run air conditioner, no budget for home improvement

    For Pension

    • Even shorter breaks and only club special meals
    • No car
    • Home brew beer, basic clothes and less frequent haircuts
    • Only taking part in no cost activities
    • Less heating in winter, no budget to fix home and no private health insurances

    Cashel Family Office believes that most people want a lifestyle that is broader and more fulfilling than these narrow definitions. We have made it our mission to achieve more for our clients.

  • How much do I need in my superannuation to live a comfortable lifestyle today?

    According to ASFA to live a comfortable lifestyle in retirement now, you will need the following in your superannuation fund:

    • If you are single, $646,626, which over 25 years, at a rate of return of 5%  will generate a retirement income of $43,695 p.a.
    • If you are a couple, $888,850, which over 25 years, at a rate of return of 5%  will generate a retirement income of $60,063 p.a.

    This assumes you own your home outright.

    If you would like to live a  modest lifestyle in retirement now, you will need the following in your superannuation fund:

    • If you are single, $359,163, which over 25 years, at a rate of return of 5%  which will generate a retirement income of $24,270 p.a.
    • If you are a couple, $516,635, which over 25 years, at a rate of return of 5%  which will generate a retirement income of $34,911 p.a.
  • How much do I need in my superannuation fund to live a comfortable lifestyle in 30 years?

    According to ASFA to live a comfortable lifestyle in retirement in 30 years, assuming inflation of 2.5% p.a, you will need the following in your superannuation fund:

    • If you are single, $1,323,261, which over 25 years, at a rate of return of 5%  should generate a retirement income of $89,109 p.a.
    • If you are a couple, $1,818,950, which over 25 years, at a rate of return of 5%  should generate a retirement income of $122,986 p.a.

    This assumes you own your home outright.

  • How much is superannuation taxed?

    Superannuation is one of the most tax effective investment structures to accumulate wealth in. The tax rate varies depending on your stage of life:

    • Accumulation phase. During your working career income tax will be applied at 15% and capital gains tax applied at 10% within your superannuation fund
    • Pension phase. During your retirement you will pay 0% tax for member balances less than $1.6 million.
  • Do I need a self managed superannuation fund to retire comfortably?

    No. Self-managed super funds are actually one of the most expensive structures to accumulate superannuation in. In 2013, Rice Warner conducted research that indicated that the average SMSF costs were $8,033 per year. Along with having in-appropriate insurances, a SMSF is one of the major costs that can impact your retirement lifestyle.

    Only where you have over $1 million in your SMSF does the costs of operating it compare favorable to a retail superannuation fund. Despite this, the latest research shows that approximately 65% of SMSF have less than $1 million invested, 43% have less than $500,000 invested and 19% have less than $200,000 invested.

  • Why would I use a self managed super fund?

    Under the recent changes to the legislation that governs superannuation, there are limited benefits to having a SMSF. The main reasons that would make a SMSF appropriate for you are the following:

    • If you would like to buy real estate. A SMSF enables you to obtain gearing and to buy real estate. However the new legislation means that you may utilise the full contributions cap within your SMSF through one property acquisition and hence have a retirement fund highly concentrated to the success (or failure) of one or two real estate assets. Financing in a SMSF is also generally more expensive than gearing outside of a SMSF.
    • If you would like to have multiple members, including children. A SMSF enables you to have multiple members including those under the age of 18. However this can also be achieved with some retail superannuation funds, such as through the Cashel Superannuation Fund.
    • If you would like to take advantage of reserve accounting principles. Reserve accounting principles enables you to manage the contributions cap under the $1.6 million limit through accounting for volatile investment returns. If you have not been doing this to date, this is likely to be something of focus by the ATO.

    If you are a trustee of a SMSF and intend to work overseas you will likely be treated as a non-resident and as such be taxed as such, under these circumstances you would be best to transfer the assets to a small APRA fund or a Retail Superannuation Fund.

    Many people were advised to set up a SMSF to enable broader investment options. This is no longer needed, many industry super funds are allowing direct share investments, and Cashel Superannuation Fund enables complete choice (within reason) due to its global custody arrangement.

  • What is a small APRA fund?

    A small APRA fund (SAF) is essentially a self-managed super fund with a professional trustee. A SAF offers all the freedom and flexibility of a self-managed super fund but without the associated trustee responsibilities and risk of compliance breaches. There are, however, costs that are higher than a retail super fund.

     

  • How can I calculate what I will have for retirement?

    Please feel free to contact a Cashel Family Office adviser to assist with calculating your likely retirement savings. Alternatively please use the calculators provided on the ASIC Money Smart website.

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